For the fourth time now, the market research company Ceresana analyzes the market for pigments: Global sales amount to 9.7 million tonnes per year. The most important sales market is the production of paints and varnishes which accounts for 45% of total demand. Processing of pigments in plastics ranks second at a considerable distance, followed by the application areas construction material, printing inks, and paper.
Titanium Dioxide Dominates
Titanium dioxide (TiO2) remains the most-in-demand type of pigments: It registered more than 59% of total demand. Titanium dioxide is mainly used for paints and coatings: Only few micrometers of coating are sufficient to cover the substrate completely. Additionally, titanium dioxide pigments are used for white paper and the production of plastics on a large scale.
From Yellow to Black
Second largest sales market is iron oxide pigments, followed closely by carbon black. Iron oxides are the most commonly used inorganic color pigments. The continually increasing importance of iron oxide pigments is based on their non-toxicity, chemical stability, wide variety of colors (ranging from yellow, orange, red, and brown to black), and good performance-price ratio. About 1.9 million tonnes of iron oxide were processed worldwide in 2014. Carbon black is mainly used as filler for rubber applications, especially in car tires. Carbon black is also important for the paint industry: Carbon black is the most common black pigment used. The smaller the particle size, the deeper the black.
Growth Market Organic Pigments
Other inorganic and organic pigments only account for a small share on total global pigment market, registering an amount of 1 million tonnes. However, their application areas are versatile – and they are further increasing. Depending on the chemical composition, inorganic and organic pigments can be differentiated: While inorganic pigments are metallic salts, organic pigments consist of carbon. At times, both kinds can be combined. Organic pigments have a lower coverage, but exhibit higher color strength and gloss than inorganic pigments. Compared to many inorganic pigments, organic pigments are much more expensive. Most often, they are used as printing inks, followed by paints and plastics.
The Study in Brief:
Chapter 1 provides a description and analysis of the global pigment market, including forecasts up to 2022: The development of revenues, demand volumes and production is analyzed for each region.
Chapter 2 offers a detailed analysis of 16 countries: Demand, export, import, production, and revenues. Additionally, demand split by applications is examined in regard to these countries. Market data on demand volume for each country is split by the single types of pigments.
Chapter 3 analyzes regional markets for pigments in detail: Data and influential factors of application in paints and varnishes, plastics, paper, construction materials, printing inks, and other application areas.
Chapter 4 examines the demand for pigments – split by the types titanium dioxide, carbon black, iron oxide, other inorganic pigments, and organic pigments.
Chapter 5 offers a useful directory of the 95 most important producers of pigments, clearly arranged according to contact details, revenues, profit, product range, production sites, and profile summary. The most important manufacturers include: BASF, Akzo Nobel, Altana, Clariant, Cristal, DIC, Evonik, Ferro, Huntsman, Kronos, Lanxess, Merck, Mitsubishi Chemical, and Tronox.
Further information: www.ceresana.com/en/market-studies/additives/pigments/
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